Post by
Bingbong87 on Jun 13, 2022 12:45pm
Regardless
Of the outrageous posts as of late we still have a declining stock price on the heels of the news we've been waiting on for years. As much faith as I have in WMG I'm concerned about short interest and the ratio of our potential reverse split coming up. I only mention the reverse split because this mornings PR mentions WMG's intentions to uplist. We all know they can't uplist with this stock price.
Comment by
stockprobe19 on Jun 13, 2022 1:08pm
The shorting is a concern but it's also a huge gamble. The reverse split can't happen till this stock moves much higher. At this level it would destroy the stock.
Comment by
KonnectTheDots on Jun 13, 2022 4:21pm
What do you think would move this much higher?
Comment by
stockprobe19 on Jun 13, 2022 4:29pm
2 things need to be done. First the metal they produced is like drilling out core holes in the ground. They were sent out for analysis to be tested for purity. Next we need a report from the company that is doing a valuation of the technology. Without those 2 things it stands to reason why the stock hasn't made any move on the production of metal.
Comment by
KonnectTheDots on Jun 20, 2022 3:23pm
Any word when this will be done? Western Magnesium Engages Independent Valuator V.WMG | April 13, 2022
Comment by
Bingbong87 on Jun 20, 2022 3:47pm
I seem to remember they said about 10 weeks. Even though I 'willfully' said this on todays date, please don't quote me
Comment by
KonnectTheDots on Jun 20, 2022 3:57pm
I seem to recall that 10 week estimate too. There was talk on the discord at the time and I think Ashleigh confirmed that it had started around the beginning of April? again not sure what is true and what is talk but either way it should be getting close. It will be interesting to hear what its valued at. the assay of the metal shouldn't take too long.
Comment by
stockprobe19 on Jun 20, 2022 4:47pm
So tommorrow or Wednesday would be about a good time for a news release, eh!